Tax Collected At Source
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Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
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20% TCS To Online Gaming Tax: 5 Rules Coming Into Effect From October 1
Online Gaming Tax Rules: The new rules can have a direct impact on the lives of the people. So, it is important to be aware of these fresh guidelines.
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Data Shows Tax Collection Source Mechanism Abused: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial".
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
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TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
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Flipkart, Amazon, Snapdeal Argue Against GST's Tax Collection at Source Provision
In a rare show of solidarity, Flipkart, Amazon, and Snapdeal joined forces to lobby against a provision of the upcoming Goods and Services Tax, which will increase business complexity for them.
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Amazon, Flipkart, Snapdeal Join Hands Against Draft Model Goods And Services Tax (GST) Law
The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law. These companies are worried about rules related to TCS, or tax collection at source, a provision in the Goods and Services Tax.
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Failure to Pay TDS Collected Can Attract 7-Year Jail Term for Employer
Employers failing to pay the government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said.
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Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
-
20% TCS To Online Gaming Tax: 5 Rules Coming Into Effect From October 1
Online Gaming Tax Rules: The new rules can have a direct impact on the lives of the people. So, it is important to be aware of these fresh guidelines.
-
Data Shows Tax Collection Source Mechanism Abused: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial".
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
-
TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
-
Flipkart, Amazon, Snapdeal Argue Against GST's Tax Collection at Source Provision
In a rare show of solidarity, Flipkart, Amazon, and Snapdeal joined forces to lobby against a provision of the upcoming Goods and Services Tax, which will increase business complexity for them.
-
Amazon, Flipkart, Snapdeal Join Hands Against Draft Model Goods And Services Tax (GST) Law
The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law. These companies are worried about rules related to TCS, or tax collection at source, a provision in the Goods and Services Tax.
-
Failure to Pay TDS Collected Can Attract 7-Year Jail Term for Employer
Employers failing to pay the government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said.
